| Wed 10 Aug 2011, 14:41 | | HWA - Hwange Colliery Company Limited - Results of annual general meeting |
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HWA
HWHWA
HWA - Hwange Colliery Company Limited - Results of annual general meeting
HWANGE COLLIERY COMPANY LIMITED
(Incorporated in Zimbabwe)
Code: HWA ISIN: ZW0009011934
("Hwange")
NOTICE TO SHAREHOLDERS
RESULTS OF ANNUAL GENERAL MEETING
Please be advised that the Eighty - eighth (88th) Annual General Meeting of
Shareholders of Hwange was held in the Boardroom, 7th Floor, Coal House, 17
Nelson Mandela Avenue, Harare, Zimbabwe at 10.30 a.m. on Wednesday 03 August
2011 and the results were as follows;
RESOLUTIONS
1 ORDINARY BUSINESS
1.1
Approval of the Financial Statements and the Report of the Directors and the
Auditors for the year ended 31 December 2010 - PASSED
1.2
Re-election of Directors who are retiring in terms of the Articles of
Association.
Messrs Thabani Ndlovu, Alpheus Motampe Ngapo, James Nqindi and Ms. Rosemary
Sibanda retired by rotation at the Annual General Meeting and did not seek
for re-election as Directors of the Company - PASSED
1.3
Removal of Directors
Removal from office of the following Directors, Messrs Fortune Chasi,
Shingai Israel Mutumbwa, Tendai Savanhu , Mrs Prisca Mupfumira and Mrs
Thandiwe Thando Mlobane, notwithstanding their tenure of office. - PASSED
1.4
Appointment of Directors
Appointment of the followings as Directors of the Company. - PASSED
Chibhanguza Shingirayi, Chininga Jemmister Haruperi Ian Chamunorwa, Jiyane
Nkosilathi, Mapfuwa Siphiwe (Ms), Mawere Johnson R, Mutamangira Farai, Nkomo
Lucas And Vera Valentine.- PASSED
1.5
Approval of Directors` fees for the year ended 31 December 2010. - PASSED
1.6
Approval of the remuneration of the auditors for the year ended 31 December
2010. - PASSED
1.7
Appointment of Messrs Grant Thornton Camelsa Chartered Accountants (Zimbabwe)
as Auditors of the Company for the ensuing year. - PASSED
2 SPECIAL BUSINESS
2.1
Increase in Authorised Share Capital from 186 000 000 ordinary shares of
US$0.25 each to 204 000 000 ordinary shares of US$0.25 each. - PASSED
2.2
Placement of 18 000 000 ordinary shares of US$0.25 each under the control of
Directors. PASSED
2.3
Approval of the revised Hwange Colliery Company Employee Share Option Scheme.
- PASSED
2.4
Approval of Employee Share Options for the years 2008, 2009 and 2010 and
extension of the tenure of the scheme by a further three (3) years to expire
in 2017 instead of 2014. - PASSED
T K Ncube
COMPANY SECRETARY
Zimbabwe
10 August 2011
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 10/08/2011 14:41:01 Produced by the JSE SENS Department.
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